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2020-12-31-accounts

The Sovereign Grace Advent Testimony

Registered Charity No 261489

Trustees Report for the Year 2020

The Sovereign Grace Advent Testimony was formed in 1918 for the purpose of the promotion and diffusion of the Christian faith, being the doctrine of God’s sovereign grace in the matter of man’s salvation and the truth of the second advent of the Lord Jesus Christ.

To fulfil the aims of the Testimony during 2019, regular monthly meetings have been held, but due to the lockdown, apart from the first two months of the year, we have been unable to have the meetings in London as usual. But the regular meetings. Including Spring and Autumn conferences, have been broadcast by means of Zoom, enabling friends all over the world to join with us. A conference was held in Northern Ireland during the first week in March., There have been a variety of speakers at these meetings.

Additionally, various items of literature have been circulated. Each quarter, 3000 copies of the magazine of the Sovereign Grace Advent Testimony, entitled ‘Watching and Waiting’ have been printed and distributed throughout various parts of the world. Although a subscription of £5.00 is suggested, many persons receive the magazine and other literature free of charge, as our purpose is to circulate knowledge of the truth. Some other items of literature have been produced.

The trustees of the Testimony for 2020 were Rev John Douglas, Rev Ivan Foster, Pastor Martin Humphrey, Mr Ian Shaw and Mr Stephen A Toms.

Those serving on the Council of the Testimony during 2020 were Mr Peter Fleming, Pastor Martin Humphrey, Rev Brian McClung, Rev David McMillan, Rev Richard Monteith, Mr Andrew Toms, Mr Paul Toms, and Mr Stephen A Toms.

The work of trustees and committee members is carried out voluntarily. No trustee or committee member receives any remuneration at all, nor even an honorarium, for serving as trustee or committee member. Expense are paid to some when they address meetings.

The Sovereign Grace Advent Testimony

Registered Charity No 261489

Details of Trustees:

Rev John Douglas Date of
Birth: 18/06/1933
40 Lombard Avenue, Lisburn, Co Antrim, BT28 2UP
028 925 88375
Rev Thomas James Ivan Foster Date of
Birth: 08/11/1943
17 Old Junction Road, Kilskeery, Co Tyrone, BT78 3RN
028 895 61564
Pastor Martin Leslie Humphrey Date of
Birth: 19.05.1964
6 Georgia Road, Thornton Heath, Surrey, CR7 8DQ
0208 6791262
Mr Ian Shaw Date of
Birth: 27/01/1954
47 St Margarets Park, Whitehills, Forfar, Angus, DD8 3EB
01307 464876
Mr Stephen Albert Toms Date of
Birth: 08/10/1930
1
Donald		 Way,
Chelmsford,		 Essex, CM2
9JB
01245 268815

( All British – Messrs Humphrey and Toms are English, Mr Shaw, Scottish and Messrs Douglas and Foster, Northern Irish).

------------------------------------------------------------

Details of Committee Members:

Mr Peter Fleming Date of Birth: 28.12.1967 9 Clements Road, Chorleywood, Herts, WD3 5JS 01923 282898

Pastor Martin Humphrey Date of
Birth: 19.05.1064
6 Georgia Road, Thornton Heath, Surrey, CR7 8DQ
0208 6791262
Rev Brian McClung Date of
Birth: 28.05.1969
8a Boltnaconnell Road, Nuts Corner, Crumlin, Co Antrim,
028 9082 5162
BT29 4SZ
Rev David McMillan Date of
Birth:18.11.1965
1
Drumanmore		 Grange, Armagh, BT61 8RQ
028 778 8150
Rev Richard Monteith Date of
Birth: 26.02.1969
26 Ffordd
Las, Abertrldwr,		 Caerphilly, CF83 4EW
029 208 30206
Mr Andrew Peter Toms Date of
Birth: 20.07.1955
1
Larch
Grove,		 Chelmsford, Essex, CM2 9LX
01245 359721
Mr Paul Timothy Toms Date of
Birth: 20.02.1961
52
Heath
Drive,		 Chelmsford, Essex, CM2 9HE,
01245 351225
Mr Stephen Albert Toms Date
of Birth: 8:10:30
1
Donald
Way,		 Chelmsford, Essex, CM2 9JB
01245 268815

SOVEREIGN GRACE ADVENT TESTIMONY

FINANCIAL STATEMENTS 31 DECEMBER 2020

Charity Commission Registered No. 261489

Secretary:

Stephen A Toms 1 Donald Way Chelmsford Essex CM2 9JB

Trustees:

John Douglas Ivan Foster Martin L Humphrey Ian Shaw Stephen A Toms

CONTENTS

Page

SOVEREIGN GRACE ADVENT TESTIMONY

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 DECEMBER 2020 GENERAL FUND - UNRESTRICTED

2020
£
£
INCOME
Donations, subscriptions and
sales of literature
7,408
Rents receivable
12,227
Income Tax recoverable
120
Oferings at meetings
1,324
Income from investments:
Dividends and interest
7,120
Deposit account interest
353
28,552
EXPENDITURE
Stocks, 1 January 2020
6,712
Production of publications and
literature purchases
2,330
9,042
Less: stocks, 31 December 2020
5,130
3,912
“Watching and Waiting” Printing
3,237
Rates, light and heat
3,246
Repairs and maintenance
3,826
Insurance
373
Expenses of meetings & travelling
925
Printing, postage, advertising, stationery
and telecommunications
6,258
Independent examiner’s fee
725
Council members’ expenses
-
Website, audio & video expenses
301
Sundries
-
Depreciation of ofice & IT equipment130
22,933
EXCESS OFINCOME OVEREXPENDITURE
FOR THEYEAR		 £
8,405
8,964
120
3,093
9,239
801
11,467
1,497
12,964
6,712
6,252
2,724
3,773
3,409
211
1,615
4,846
695
186
1,573
198		 2019
£
30,622
904
26,386
5,619
4,236

Page 1

BALANCE AT 31 DECEMBER 2019 brought forward 1,267,481 1,263,245

BALANCE AT 31 DECEMBER 2020 carried forward

£1,273,100 £1,267,481

SOVEREIGN GRACE ADVENT TESTIMONY

BALANCE SHEET - 31 DECEMBER 2020

2020 2020 2019
£ £ £ £
FIXEDASSETS(see page 3)
Freehold property at cost 748,439 748,439
Ofice & IT equipment at net book value 265 395
748,704 748,834
INVESTMENTS
Quoted, as per schedule on page 3 (at cost) 96,902 95,559
CURRENTASSETS
Stocks & work in progress 5,130 6,712
Prepaid expenses 474 -
Income Tax recoverable 120 115
Bank balances
Current account 21,494 16,362
Deposit account 401,025 400,672
428,243 423,861
Less CURRENTLIABILITIES
Creditors 749 773
NETCURRENTASSETS 427,494
423,088
NETASSETS £1,273,100
£1,267,481
Financed by:
ACCUMULATEDFUND
1 January 2020 1,267,481 1,263,245
Excess of income over expenditure
for year 5,619
4,236
31 December 2020 £1,273,100
£1,267,481

Page 2

…………………………………….. S A TOMS (Secretary)

Approved 17 February 2021

Page 3

SOVEREIGN GRACE ADVENT TESTIMONY

NOTES ON THE FINANCIAL STATEMENTS – 31 DECEMBER 2020

1. FIXED ASSETS

FIXEDASSETS
Freehold property, at cost
Unit 33, Church Road Industrial Estate, East Hanningfeld
47,769
4 Dorset Avenue, Chelmsford
204, Gloucester Avenue, Chelmsford
Net book value, 31 December 2020
Ofice & IT equipment
Net book value, 1 January 2020
Depreciation for the year
Net book value, 31 December 2020		 £
406,254
294,416

£748,439
395
130
£ 265		 395
130

2. INVESTMENTS

The investments are all quoted investments and are shown at cost, or as valued when bequeathed to the Sovereign Grace Advent Testimony

2020 2020 2019 2019
C
ost		 V
aluation		 C
ost		 Valuation
£ £ £ £
Barclays UK Alpha Fund
Class A Inc shares 38,107 Units 27,311 125,678 27,311 144,122
Equities Investment Fund for Charities
(“Charifund”) 5,599 Units 20,550 76,850 20,550 92,982
Allianz Risk Master Moderate Fund C
Accumulation 93,564.16 shares 49,041 158,058 47,698 151,733
£ 96,902 £360,586 £ 95,559 £388,837

3. STOCKS

No value has been placed on stocks of books and publications purchased prior to 1 January 2016.

Stocks of books and publications purchased between 1 January 2016 and 31 December 2016 are valued at 20% of cost. Stocks of books and publications purchased during the year 2017 are valued at 60% of cost. Stocks of books and publications purchased during the years 20182020, and remaining unsold at 31 December 2020, are valued at cost, or at nil if normally given away.

£ 2020
5,130		 £ 2019
6,712

Page 4

Page 5

SOVEREIGN GRACE ADVENT TESTIMONY

NOTES ON THE FINANCIAL STATEMENTS – 31 DECEMBER 2020

  1. CHARITY COMMISSION DISCLOSURE REQUIREMENTS

  2. (a) The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” published in March 2005 and applicable accounting standards.

  3. (b)A fee of £725 is provided in the accounts for the independent examiner .

  4. (c) No grants were made during the year.

  5. (d) The Trust has no paid employees .

  6. (e)Seven council members received payments totalling £765 for addressing public meetings on behalf of the charity during the year.

(f)Debtors and prepayments
Insurances prepaid
Income Tax recoverable		 474
120
£ 594		 474
120

Incoming resources from tax claims are included in the SOFA at the same time as the income to which they relate.

Page 6

The value of any voluntary help is not included in the accounts.

Page 7

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SOVEREIGN GRACE ADVENT TESTIMONY

I report on the financial statements for the year ended 31 December 2020, set out on pages one to four.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with section 130 of the

  3. 2011 Act; and

  4. to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Page 8

B R Campen 1 Ruthven Close Cuckfield HAYWARDS HEATH RH17 5HE

16 February 2021

Page 9

SOVEREIGN GRACE ADVENT TESTIMONY

FINANCIAL STATEMENTS 31 DECEMBER 2020

Charity Commission Registered No. 261489

Secretary:

Stephen A Toms 1 Donald Way Chelmsford Essex CM2 9JB

Trustees:

John Douglas Ivan Foster Martin L Humphrey Ian Shaw Stephen A Toms

CONTENTS

Page

SOVEREIGN GRACE ADVENT TESTIMONY

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 DECEMBER 2020 GENERAL FUND - UNRESTRICTED

2020
£
£
INCOME
Donations, subscriptions and
sales of literature
7,408
Rents receivable
12,227
Income Tax recoverable
120
Oferings at meetings
1,324
Income from investments:
Dividends and interest
7,120
Deposit account interest
353
28,552
EXPENDITURE
Stocks, 1 January 2020
6,712
Production of publications and
literature purchases
2,330
9,042
Less: stocks, 31 December 2020
5,130
3,912
“Watching and Waiting” Printing
3,237
Rates, light and heat
3,246
Repairs and maintenance
3,826
Insurance
373
Expenses of meetings & travelling
925
Printing, postage, advertising, stationery
and telecommunications
6,258
Independent examiner’s fee
725
Council members’ expenses
-
Website, audio & video expenses
301
Sundries
-
Depreciation of ofice & IT equipment130
22,933
EXCESS OFINCOME OVEREXPENDITURE
FOR THEYEAR		 £
8,405
8,964
120
3,093
9,239
801
11,467
1,497
12,964
6,712
6,252
2,724
3,773
3,409
211
1,615
4,846
695
186
1,573
198		 2019
£
30,622
904
26,386
5,619
4,236

Page 1

BALANCE AT 31 DECEMBER 2019 brought forward 1,267,481 1,263,245

BALANCE AT 31 DECEMBER 2020 carried forward

£1,273,100 £1,267,481

SOVEREIGN GRACE ADVENT TESTIMONY

BALANCE SHEET - 31 DECEMBER 2020

2020 2020 2019
£ £ £ £
FIXEDASSETS(see page 3)
Freehold property at cost 748,439 748,439
Ofice & IT equipment at net book value 265 395
748,704 748,834
INVESTMENTS
Quoted, as per schedule on page 3 (at cost) 96,902 95,559
CURRENTASSETS
Stocks & work in progress 5,130 6,712
Prepaid expenses 474 -
Income Tax recoverable 120 115
Bank balances
Current account 21,494 16,362
Deposit account 401,025 400,672
428,243 423,861
Less CURRENTLIABILITIES
Creditors 749 773
NETCURRENTASSETS 427,494
423,088
NETASSETS £1,273,100
£1,267,481
Financed by:
ACCUMULATEDFUND
1 January 2020 1,267,481 1,263,245
Excess of income over expenditure
for year 5,619
4,236
31 December 2020 £1,273,100
£1,267,481

Page 2

…………………………………….. S A TOMS (Secretary)

Approved 17 February 2021

Page 3

SOVEREIGN GRACE ADVENT TESTIMONY

NOTES ON THE FINANCIAL STATEMENTS – 31 DECEMBER 2020

1. FIXED ASSETS

FIXEDASSETS
Freehold property, at cost
Unit 33, Church Road Industrial Estate, East Hanningfeld
47,769
4 Dorset Avenue, Chelmsford
204, Gloucester Avenue, Chelmsford
Net book value, 31 December 2020
Ofice & IT equipment
Net book value, 1 January 2020
Depreciation for the year
Net book value, 31 December 2020		 £
406,254
294,416

£748,439
395
130
£ 265		 395
130

2. INVESTMENTS

The investments are all quoted investments and are shown at cost, or as valued when bequeathed to the Sovereign Grace Advent Testimony

2020 2020 2019 2019
C
ost		 V
aluation		 C
ost		 Valuation
£ £ £ £
Barclays UK Alpha Fund
Class A Inc shares 38,107 Units 27,311 125,678 27,311 144,122
Equities Investment Fund for Charities
(“Charifund”) 5,599 Units 20,550 76,850 20,550 92,982
Allianz Risk Master Moderate Fund C
Accumulation 93,564.16 shares 49,041 158,058 47,698 151,733
£ 96,902 £360,586 £ 95,559 £388,837

3. STOCKS

No value has been placed on stocks of books and publications purchased prior to 1 January 2016.

Stocks of books and publications purchased between 1 January 2016 and 31 December 2016 are valued at 20% of cost. Stocks of books and publications purchased during the year 2017 are valued at 60% of cost. Stocks of books and publications purchased during the years 20182020, and remaining unsold at 31 December 2020, are valued at cost, or at nil if normally given away.

£ 2020
5,130		 £ 2019
6,712

Page 4

Page 5

SOVEREIGN GRACE ADVENT TESTIMONY

NOTES ON THE FINANCIAL STATEMENTS – 31 DECEMBER 2020

  1. CHARITY COMMISSION DISCLOSURE REQUIREMENTS

  2. (a) The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” published in March 2005 and applicable accounting standards.

  3. (b)A fee of £725 is provided in the accounts for the independent examiner .

  4. (c) No grants were made during the year.

  5. (d) The Trust has no paid employees .

  6. (e)Seven council members received payments totalling £765 for addressing public meetings on behalf of the charity during the year.

(f)Debtors and prepayments
Insurances prepaid
Income Tax recoverable		 474
120
£ 594		 474
120

Incoming resources from tax claims are included in the SOFA at the same time as the income to which they relate.

Page 6

The value of any voluntary help is not included in the accounts.

Page 7

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SOVEREIGN GRACE ADVENT TESTIMONY

I report on the financial statements for the year ended 31 December 2020, set out on pages one to four.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with section 130 of the

  3. 2011 Act; and

  4. to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Page 8

B R Campen 1 Ruthven Close Cuckfield HAYWARDS HEATH RH17 5HE

16 February 2021

Page 9